In a noteworthy development within the blockchain space, both Canto and Astar, prominent layer-1 blockchains, have unveiled their intentions to migrate to the Ethereum ecosystem, positioning themselves as layer 2 solutions utilizing zero-knowledge rollup technology. This strategic shift follows Astar’s earlier announcement of its move from the Polkadot ecosystem to Ethereum.
Canto, recognized as a permissionless general-purpose blockchain, boasts compatibility with the Ethereum Virtual Machine (EVM). Its primary objective is to facilitate the seamless integration of the traditional financial sector into the decentralized finance (DeFi) landscape.
As the crypto industry continues to evolve, the migration of these two notable blockchains to Ethereum’s layer 2 infrastructure is indicative of the growing importance of the Ethereum network as a hub for decentralized applications and financial innovation. Stay tuned for further developments as the blockchain landscape continues to witness exciting transformations.
